EUROPE BLUE HYDROGEN MARKET

INTRODUCTION

The term "blue hydrogen" describes hydrogen that is made from natural gas, a fossil fuel. However, most of the CO2 released during the process would be caught and stored underground (a process known as carbon sequestration) or bound in a solid product (such as bricks) and used.

In the EU's hydrogen plan, a vision for building a European hydrogen ecosystem from research and development to scalable production and global infrastructure was presented. A key component of the EU's goal for integrating the energy system is hydrogen.The CO2 produced during the production process is caught and kept underground forever.

As a result, no CO2 is produced and low-carbon hydrogen is produced. In the future, blue hydrogen might prove to be the most affordable solution for decarbonizing heavy-duty cars, industrial heating, and homes in severely cold locations. 

EUROPE BLUE HYDROGEN MARKET SIZE AND FORECAST

The Europe blue hydrogen market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

MARKET DYNAMICS

Blue hydrogen is created from natural gas through the steam methane reforming method (SMR). Natural gas, extremely hot steam, and a catalyst are combined together in this steam methane reforming process. In a subsequent chemical reaction, hydrogen and carbon monoxide are produced.

The carbon monoxide in this mixture is changed into carbon dioxide and additional hydrogen when water is introduced. If carbon dioxide emissions are subsequently caught and buried, the procedure is regarded as CO2-neutral, and the hydrogen produced is referred to as "Blue Hydrogen.

"The blue hydrogen market is anticipated to soon be driven by growing hydrogen use in fuel cell automobiles. As an alternative to fossil fuels, fuel cells offer clean mobility. The adoption of fuel cell automobiles is also being encouraged by governments around the world to cut greenhouse gas emissions.

They provide tax breaks and subsidies. More money will be put towards building fuel cell car infrastructure. The demand for blue hydrogen is therefore anticipated to rise throughout the course of the projection period due to greater use of hydrogen in the automobile industry.

Due to stringent blockade limitations in all major countries, the COVID-19 epidemic has negatively impacted all industries, including hydrogen. The world economy has suffered greatly as a result.

The blockade initially considerably decreased the demand for hydrogen. Additionally, a lot of the hydrogen is produced by reforming natural gas, which reduces the availability of hydrogen. However, governments in a few of nations have loosened embargo limitations.

COMPANY PROFILE

• Marsh
• Aramco
• Equinor
• IRENA
• IEA

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many blue hydrogen are manufactured per annum in  Europe? Who are the sub-component suppliers in this region?
2. Cost breakup of a Europe blue hydrogen and key vendor selection criteria
3. Where is the blue hydrogen manufactured? What is the average margin per unit?
4. Market share of Europe blue hydrogen market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Europe blue hydrogen in-house
6. key predictions for next 5 years in Europe blue hydrogen market
7. Average B-2-B blue hydrogen market price in all segments
8. Latest trends in blue hydrogen market, by every market segment
9. The market size (both volume and value) of the blue hydrogen market in 2023-2030 and every year in between?
10. Production breakup of blue hydrogen market, by suppliers and their OEM relationship